Rolls-Royce turnaround moving ‘at pace’ under new CEO

By Sarah Young and Paul Sandle LONDON (Reuters) -British engine maker Rolls-Royce said the new CEO’s plan to boost the company’s profitability was moving “at pace”, and it was on track to meet 2023 forecasts, buoyed by cost savings and the ongoing travel recovery. But shares in the company, which has been one of the top risers on the FTSE 100 index over the year to date with a 64% gain, were down 2% in early deals which one analyst said was due to disappointment over the lack of an upgrade to the outlook. Tufan Erginbilgic, who took over as chief executive in January, has said Rolls, which pro…

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